The activity-based costing method uses volume-based measures to allocate overhead costs.
Answer the following statement true (T) or false (F)
False
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The most effective and easiest mode of delivering presentations in nearly all situations is
A) memorization. B) reading from a prepared script. C) speaking from an outline or notes. D) impromptu speaking. E) from a seated position.
Barron Co's current ratio is 2:1 . Which of the following transactions would normally increase Barney's current ratio?
a. Purchasing inventory on account b. Borrowing money by signing a long-term note c. Collecting an account receivable d. Purchasing land for cash
A construction company provides its employees who work at construction sites with hard hats. It also provides these employees with coveralls so that they do not come into direct contact with any harmful materials. The measures taken by the company are in compliance with the _____.
A. Worker Adjustment and Retraining Notification Act B. Taft-Hartley Act C. Landrum-Griffin Act D. Occupational Safety and Health Act
Pluto Travel Services provided the following information
Direct labor rate: $40 per hour Predetermined overhead allocation rate for indirect costs: $21 per direct labor hour Pluto is negotiating a job with a new client. The job will require 10 hours of direct labor. If Pluto wishes to have at least a 15% gross profit on the revenues, it needs to earn $713 of revenues. Indicate whether the statement is true or false